Short term view - UNILEVER PLC : The moving average is capping prices.
The trend is still bearish, the invalidation level is above 4,071.00 p. The target is at 3,615.00 p.Arguments :
- The support has been shortly breached, but it is now reinstated. Prices can bounce.
- The resistance has been reached, it causes the fall.
- The moving average is capping prices.
- Prices will test the quality of bearish gap. As long as it remains open, consequences will be bearish.
Unilever is a consumer goods manufacturing group based in the United Kingdom. Co. is engaged in supplying consumer goods in the refreshments, foods, home and personal product categories. Co. supplies its consumers product for nutrition, hygiene and personal care and is active in emerging markets in Asia, Africa, Central & Eastern Europe and Latin America. Co.'s portfolio includes such well-known brands as Knorr, Lipton, Hellmann's, Magnum, Omo, Dove, Lux and Axe/Lynx. Co. manages its brands under the following four category headings: savoury, dressings and spreads; ice cream and beverages; personal care; and home care. Co.'s products are sold in over 190 countries around the world.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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